S. 4808 is a proposed law that aims to change the Internal Revenue Code to allow small gains or losses from selling or exchanging virtual currency not to be taxed. Specifically, if the gain or loss from such transactions doesn't exceed $200, it won't be considered taxable...
Simple Explanation
S. 4808 is a proposed law that says if someone makes a small amount, like less than $200, from trading digital money that isn't regular cash, they won't have to pay tax on it. The law aims to make it easier for people to handle these small digital money trades starting in 2025.